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The Following Information Is for a Private Closed Economy, Where

Question 108

Multiple Choice

The following information is for a private closed economy, where Ig is gross investment, S is saving, and Y is gross domestic product (GDP) .Ig = 80 S = -80 + 0.4Y
Refer to the above information.In equilibrium, consumption will be:


A) $400.
B) $280.
C) $320.
D) $360.

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